Indian Ambassador to the US Harsh Vardhan Shringla said India has stopped importing oil from Iran after the United States refused to extend exemption from sanctions earlier this month.
Tensions have risen between Iran and the United States after US President Donald Trump withdrew from a multilateral nuclear deal in May and reimposed sanctions on the Islamic Republic.
Pompeo said that countries like India, if it gets the exemption, would be asked to bring down their oil imports from Iran to zero in six months' time.
The sanctions that'll come into force Monday penalize countries that don't stop importing Iranian oil and foreign companies that do business with blacklisted Iranian entities.
US wanted countries to reduce oil imports from Iran to zero eventually, but was open to waivers that would allow limited imports by the countries pledging ‘significant’ cut.
Swaraj had explained India's strategy on India and has said Sri Lanka could also follow the process and promised further information.
Spokesperson in the Ministry of External Affairs Raveesh Kumar said India has already conveyed to the US about its position on the matter.
Responding to questions on reports that India will continue to purchase oil from Iran after November 4, State Department spokesperson Heather Nauert said this was "not helpful".
We will take care of countries that will continue to buy oil from Iran after November 4: Donald Trump
Oil Minister Dharmendra Pradhan on Monday said that two state refiners have placed orders for importing crude oil from Iran in November.
This is the first time Dharmendra Pradhan has spoken about India's stand on buying Iranian oil once the US sanctions on Iran come into force from November 4.
Indian Oil Corp will lift 6 million barrels of Iranian oil and Mangalore Refinery and Petrochemicals Ltd 3 million barrels, the source told Reuters.
The official said Iran is open to accepting rupee payment for oil and may use the money to pay for equipments and food items it buys from India.
Impending US sanctions on Iran are likely to affect India’s crude oil imports from the country as tight markets make it difficult to replace lost barrels.